If you are good with fiberglass, I see nothing there that a little work and a lot of money can't fix.
The hard part is getting a good look at the keel. The PO may have never done a decent bottom job. Got to be careful with that.
I recommend having a professional survey done.
Had anyone seen the Craigslist ad?
"
NO TITLE for HULL and NO PAPERS or REGISTRATION for TRAILER. . . Bill of Sale ONLY. . !
NO TITLE!!!!! NO TITLE!!!!!! NO TITLE!!!!!!!
This hull and trailer were abounded for non payment at my storage facility. . . I have a local source that can obtain title for you should you need the same for approximately $400.00. . .
"
- Will (Dragonfly)